The dominance of stablecoins USDT+USDC also shows a situation similar to early June.
Here is a mirror to the falling market: Strong signal of a potential high. But already on the older 4-hour timeframe.
Moreover, this mark is already the third of three possible ones. If a reversal candlestick pattern is formed in the next 2.5 hours, it will become a good basis for market recovery.
Let's see what the reason for this drop is - Israel's strike on Iran. So far, the events suggest that a quick market recovery is not expected, but rather threats to them.
Israeli Prime Minister Benjamin Netanyahu stated that Israeli strikes hit nuclear facilities in Iran, and that the operation will continue for many days.
«A few minutes ago, Israel began Operation 'Rising Lion' - a targeted military operation aimed at eliminating the Iranian threat to Israel's existence»
But the words of politicians are just words, and charts are more important. Charts indicate a good potential for a reversal in the coming hours. If not a V-shaped movement, then a gradual recovery.
ps: Ynet reports that Iran's military leadership, including the chief of staff, as well as nuclear scientists may have been killed in Israeli strikes.